RLI Corp. price target raised to $158 from $152 at Compass Point

Compass Point raised the firm’s price target on RLI Corp. to $158 from $152 and keeps a Buy rating on the shares. RLI has been experiencing hard market conditions and continued favorable reserve releases, notes the firm, which adds that it is “aware” that RLI’s increased exposure to property risk will likely result in higher volatility of its earnings.